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Which of the following statements is true of loan amortization? A.With an amortized loan, a bigger proportion of each month's payment goes toward interest in

Which of the following statements is true of loan amortization?

A.With an amortized loan, a bigger proportion of each month's payment goes toward interest in the early periods.

B.With an amortized loan, a bigger proportion of each month's payment goes toward interest in the later periods.

C.With an amortized loan, a smaller proportion of each month's payment goes toward interest in the early periods.

D.With an amortized loan, the interest portion of each months payment remains unchanged.

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